Property profile

423 Lundy Ave Salem, OH 44460

OFF-MARKET
Grocery and convenience stores
Property ID
US66-2460414
25,104 SF 2.31 ac lot Built 1954
Trust Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1954
Total area 25,104 SF
Lot 2.31 ac (100,471 SF)
APN 51-04905-000
UPID US66-2460414

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Bank Credit Union

Location

423 Lundy Ave Salem, OH 44460-3120
Salem metro Census 950500 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$820k
Blend (final) Blend
$480k

Owner & transaction history

since 2025
Last sale
$451,000
2 recorded transactions
2025
$451,000
2016
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.1M +4.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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